Printing Services in the US - Industry Market Research Report
Description
Printing Services in the US - Industry Market Research Report
Printing Services in the US
Printing services have declined markedly over the past few years as demand for print media has fallen. The industry provides prepress work such as typesetting, trade binding, mounting and print-plate creation. Demand for printing services is highly correlated with the performance of the Printing industry (IBISWorld report 32311) and demand for book, newspaper and magazine publishing, both of which faced similar periods of decline. This contraction occurred due to the fast-growing popularity of online media, causing many companies to reduce print advertising expenditures. These factors were exacerbated by the outbreak of COVID-19 in 2020. Over the past five years, printing services' revenue has been falling at a CAGR of of 4.7%, reaching an estimated $2.8 billion in 2023. This includes a projected 0.6% decline in 2023.
This industry includes companies that offer prepress and postpress services. Prepress services include image-setting and typesetting for printers, in addition to preparing film and plates for printing. Postpress services constitute activities, such as book binding, to support printing activities. This industry does not include businesses that are primarily engaged in printing (see IBISWorld report 32311).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Printing Services in the US
Printing services have declined markedly over the past few years as demand for print media has fallen. The industry provides prepress work such as typesetting, trade binding, mounting and print-plate creation. Demand for printing services is highly correlated with the performance of the Printing industry (IBISWorld report 32311) and demand for book, newspaper and magazine publishing, both of which faced similar periods of decline. This contraction occurred due to the fast-growing popularity of online media, causing many companies to reduce print advertising expenditures. These factors were exacerbated by the outbreak of COVID-19 in 2020. Over the past five years, printing services' revenue has been falling at a CAGR of of 4.7%, reaching an estimated $2.8 billion in 2023. This includes a projected 0.6% decline in 2023.
This industry includes companies that offer prepress and postpress services. Prepress services include image-setting and typesetting for printers, in addition to preparing film and plates for printing. Postpress services constitute activities, such as book binding, to support printing activities. This industry does not include businesses that are primarily engaged in printing (see IBISWorld report 32311).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
48 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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